Tag: downgrades

  • Why It’s Time to Sell Shares of Carvana

    Why It’s Time to Sell Shares of Carvana

    Carvana (CVNA) is pushing higher, as hoped. As we noted on July 10, “Carvana could race to higher highs. For one, the company recently said it now expects to achieve adjusted EBITDA above $50 million in the second quarter of 2023.  Two, analysts love the stock. DA Davidson raised its price target to $18 from $7.  Citi…

  • Weakness in Amazon is a Buy Opportunity

    Weakness in Amazon is a Buy Opportunity

    The pullback in Amazon (AMZN) has gotten a bit ridiculous. Sure, it’s seen slower growth, with lower-than-normal sales. In its third quarter, for example, the company posted revenue of $127.1 billion, which was up about 15% year over year.  Unfortunately, it was lighter than expectations for $127.46 billion. Worse, its cloud business saw 27.5% growth…